Pradeep Carpenter
10 Oct • 9:52 PM · SEBI-Registered Analyst
Thomas Cook India: Trendline Breakdown Signals Caution
Thomas Cook (India) is showing signs of weakness as the price slips below its recent consolidation structure and approaches a crucial rising trendline support. The stock is currently trading at ₹96.75, below its 10, 20, 50, 100 and 200-day moving averages, indicating that the broader trend remains bearish.
The rising trendline connecting recent lows has been acting as an important support. A decisive breakdown below this trendline could weaken the ongoing consolidation and open the door for another leg of downside. The ₹90–92 zone is an important area to watch, followed by the ₹85–87 region if selling pressure intensifies. These are potential technical zones, not confirmed targets.
Momentum indicators are also showing weakness. RSI is near 33, reflecting weak momentum and approaching oversold territory. MACD remains in negative territory, while ADX around 14 suggests that the prevailing trend is not particularly strong yet.
My View
The technical setup remains cautious to bearish as long as the stock trades below its major moving averages. A decisive close below the trendline, preferably supported by higher volume, would strengthen the breakdown scenario. However, a false breakdown or a recovery above ₹100–102 could change the near-term picture. A stronger improvement would require the stock to reclaim higher moving-average resistance zones.
Existing holders may monitor the trendline breakdown and subsequent price action closely, while avoiding conclusions based on a single intraday move.
Disclosure: Neither I nor my family members hold any shares of Karur Vysya Bank as of the date of publication.


